EOG Resources Inc (NYSE:EOG) – KeyCorp reduced their Q4 2019 EPS estimates for shares of EOG Resources in a research note issued on Wednesday, January 22nd. KeyCorp analyst L. Mariani now expects that the energy exploration company will earn $1.26 per share for the quarter, down from their prior estimate of $1.36. KeyCorp has a “Overweight” rating and a $97.00 price objective on the stock. KeyCorp also issued estimates for EOG Resources’ Q1 2020 earnings at $1.26 EPS, Q2 2020 earnings at $1.22 EPS, Q3 2020 earnings at $1.33 EPS, Q4 2020 earnings at $1.49 EPS and FY2020 earnings at $5.30 EPS.
A number of other equities research analysts also recently issued reports on EOG. Morgan Stanley restated a “hold” rating and issued a $97.00 target price on shares of EOG Resources in a report on Wednesday, November 13th. Wells Fargo & Co lifted their price target on shares of EOG Resources from $94.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. SunTrust Banks raised shares of EOG Resources from a “hold” rating to a “buy” rating and lifted their price target for the company from $80.00 to $110.00 in a research report on Tuesday, January 21st. Johnson Rice raised shares of EOG Resources from a “hold” rating to an “accumulate” rating in a research report on Tuesday, November 19th. Finally, Robert W. Baird lifted their price target on shares of EOG Resources from $89.00 to $92.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $103.95.
EOG Resources stock opened at $77.05 on Monday. EOG Resources has a 1 year low of $64.33 and a 1 year high of $107.89. The firm has a 50 day moving average price of $82.67 and a 200 day moving average price of $77.57. The company has a market cap of $46.45 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.46 and a beta of 1.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.08.
EOG Resources (NYSE:EOG) last released its earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. EOG Resources had a net margin of 16.96% and a return on equity of 13.94%. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same period in the previous year, the firm earned $1.75 earnings per share. EOG Resources’s revenue was down 10.0% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.49%. EOG Resources’s payout ratio is currently 20.76%.
In other news, Director Charles R. Crisp sold 420 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $86.49, for a total transaction of $36,325.80. Following the transaction, the director now directly owns 50,296 shares of the company’s stock, valued at $4,350,101.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Retirement Systems of Alabama lifted its position in shares of EOG Resources by 0.6% during the fourth quarter. Retirement Systems of Alabama now owns 255,681 shares of the energy exploration company’s stock worth $21,416,000 after purchasing an additional 1,533 shares in the last quarter. Moody National Bank Trust Division raised its holdings in EOG Resources by 0.5% in the fourth quarter. Moody National Bank Trust Division now owns 81,979 shares of the energy exploration company’s stock valued at $6,867,000 after acquiring an additional 429 shares in the last quarter. American Assets Investment Management LLC raised its holdings in EOG Resources by 17.2% in the fourth quarter. American Assets Investment Management LLC now owns 15,000 shares of the energy exploration company’s stock valued at $1,256,000 after acquiring an additional 2,200 shares in the last quarter. M&G Investment Management Ltd. acquired a new stake in EOG Resources in the fourth quarter valued at $9,850,000. Finally, World Asset Management Inc raised its holdings in EOG Resources by 2.6% in the fourth quarter. World Asset Management Inc now owns 38,137 shares of the energy exploration company’s stock valued at $3,194,000 after acquiring an additional 971 shares in the last quarter. 85.64% of the stock is currently owned by institutional investors and hedge funds.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company’s principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People’s Republic of China, and Canada.